Corporate Commercial Bank Begins Payments to Creditors After 10-Year Bankruptcy
Trustees of Corporate Commercial Bank (CCB), currently in bankruptcy, announced the commencement of payments to creditors starting at 09:00 on November 5, 2024
Two employees of the Corporate Commercial Bank (KTB) were arrested in connection to the criminal investigation on the missing money from the bank, said the Prosecutor's Office.
The two arrested are Orlin Rusev – chairperson of the KTB Managerial Board and Executive Director of the bank and Margarita Petrova – chief cashier of KTB.
The Bulgarian National Bank (BNB) has launched an auction to sell scrap Bulgarian coins after the country adopts the euro
Dimitar Georgiev, a Bulgarian financier and international market analyst, warned of potential economic catastrophe due to the immense financial burden caused by rearmament efforts across Europe, including Bulgaria
Bulgaria's economy showed notable growth in the final quarter of 2024, with a 3.4% increase in GDP compared to the same period the previous year, surpassing the initial estimate of 3.1%
A nationwide information campaign on Bulgaria’s adoption of the euro is set to launch this month
At the end of February, Bulgaria’s budget recorded a deficit of 1 billion leva (500 million euros)
After Bulgaria joins the eurozone, the rate of mandatory minimum reserves (MRR) for local banks will be significantly reduced
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability